FHA intends on lowering upfront mortgage insurance premiums, but raising the monthly mortgage insurance premium. This will make an impact for those who are looking to purchase a home but are down payment sensitive.

In today’s South Metro addition of Star Tribune Online, they discuss that both Scott County and Dakota County may need to raise property taxes.

From May to 2009 to May 2010, there was a 15% increase in closed sales. From June 2009 to June 2010 the number flip flopped to a 12% decrease in closed sales, sitting at 71 closings last month. YTD that leaves the overall closed sales figure up 7% with a total of 328 closed sales in Burnsville real estate.

The Dakota County CDA has announced a rate change for the first mortgage. The new rate is 4.75% for all loans reserved beginning July 2, 2010 and continuing until further notice.

I told this woman (we’ll call her Elna) that she could possibly qualify for a low fixed mortgage interest rate of 4.75%, and receive up to $15,000.00 in down payment and closing cost assistance using Dakota County Bond

I’m going to say it again, because its important to hear. THERE IS STILL MONEY AVAILABLE TO HELP YOU GET INTO YOUR FIRST HOME! I can’t stress this enough, there are programs available to help you get down payment and closing cost assistance. Actually, lots of programs! Lets take a look at the information for first time homebuyers looking to purchase real estate in Dakota County:

With a need for over 70,000 pounds of food a year, Cornerstone has committed to collecting 1,000 lbs of food a month. We are the only remote drop-off for the CAP Agency Food Shelf. So here we are, shouting from the roof-tops that we need your help.

Yes, we are a mortgage company in Burnsville, and no, Life Planning may not be a typical suggestion from a mortgage lender. I think that is the beauty of it! We want to offer you the tools to make your life more fulfilling as well as help you get financing for that new home in Dakota County. No strings, no commitments, no cost…. We think it is that important!

When it come to Burnsville real estate, the same trend has happened. There is a 6% decrease in new listings during the month of April compared to April of 2009. Year -to-date, there have been 512 new listings added to the market in Burnsville. That is slightly higher than the 499 through the end of April in 2009. The average sales price for Burnsville real estate YTD is $182,445. This is less than a ….

MN Housing Finance Agency Programs with lower than market 30 year fixed rates and up to $10,000 in closing cost and/or down payment assistance, plus special financing options for fixing up minor items that may need updating or repair with a unique 203K program designed with the first time homebuyer in mind.